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20/05/2015 00:22 AST
Al Omaniya Financial Services has expressed its interest in participating in the bidding process for a possible merger with or acquisition of United Finance Company.
In a disclosure filed on the website of the Muscat Securities Market on Tuesday, United Finance Company announced that it has received an official communication from Al Omaniya Financial Services confirming their interest.
"The matter is receiving the board's attention and further announcement in this regard shall be made in due course, if there is any development," said the company said in a disclosure statement.
In a disclosure on Monday, Salim Al Awadi, acting chief executive officer of Al Omaniya, stated that the company had replied to United Finance Company with a letter dated May 18 confirming its interest to participate in the bidding process.
The company had received a letter dated May 12 from United Finance requesting confirmation of its interest.
Times of Oman
27/03/2025
Al Omaniya Financial Services announced that its net profit grew by 11.5% year-on-year to RO3.569mn for the year ended December 31, 2024, compared to the RO3.201mn net profit reported for 2023.
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Moody's Investors Service has reaffirmed the Global Scale Rating of Al Omaniya Financial Services (AOFS), the Omani non-banking financial services company said in a statement. The company has been as
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